Bitcoin Fund Outflows Slow but Investors Start Exiting Ether Funds
The amount of money leaving was significantly less than the previous, record week of $141 million.
It marks a significant step for Ripple looking to cut in a slice of the $1.8 billion in yearly remittances from Japan to the Philippines.
Previous "death crosses" have marked major or interim price bottoms.
Ripple's xRapid cross-border payment service allows customers to transfer funds using XRP, making transactions faster and cheaper.
A U.S. judge ordered William H. Hinman, the former chief of the commission's corporate finance division, to sit for questioning.
"The blockchain XRP Ledger has the ability to tokenize not only XRP but also a variety of other assets," the company said in its report.